The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-06
FINANCE and COMMERCE.
RONRY 8 PER CENT, NEW YORK
EXCHANGE 1.S PREMIUM.
Cotton DulI-Mlddlipg Cotton, DC
Sales To-day 600 ,Q Ar
Bales.
APPEAL 0YpICx,

FRIDAY EVENING, August s. 1857. !
There was no new feature In the
general money market today, the
losnable supply fund is ample for the
requirements at 8 per cent The stock
call board session was featureless, with
NO sales. New Orleans spots are
quiet at a decline Of sc; futures
quiet and of 8 points on the old crop
and 1 to 8 of on the new. At Liver
pool spots are stes dy, fair demand and
Of 1.l6d on all grades; futures are
steady and of l to Q points. At Man
chester cloths are dull, limited In.
quiry; yarns dull, somewhat irregu.
lar. New York quiet, steady and un-
changed, with August futures of 7
points, September Of 2 points and
the new crop months of 2 to s points.
Aleading New York cotton circular OF
the 9Th says Of the future market:
Grading was moderately active on
an irregular Market At one time
during the day rates were 3@4 points
above last evenings, but on the aver
sge the tendency was In buyers favor,
and cash finally settled of 394 points
under last evening. August was GLOW
and forced little under an Issue OF
notices, closing 5@7 points under last
evenings"
The Liverpool Post has the follow
ing In reference 10 the decline in the
price Of cotton. The short time
movement was not the cause OF the
late sharp decline. Ii checked the
further advance aud helpsd a little
toward bringing about the fall; but
the main cause # the col apse was the
breakdown Of the coffee, wheat and
stock 10 Asiions in America, which de.
moraliEeI spectators every where. To
oil appearance', however, the scare
Ia over, and II ,ha spot sales continue
at the rate Of 10000 10 IL, 900 b ,les per
day prices viii quickly recover por.
ton OF the late fall. II IL obvious,
therefore, That continuance OF
short time 10 great deal more
needful now than It was q month
since. There then was the chance
oil assistance from tina bursting OF sun.
dry speculative bubb es, put as sill
these have since burst, the only active
check to q renewed rise Ia values Ia
continued systematic reduced con-
sumption Although short time had
very little hand in bringing about the
late decline, 1t sill be q potent influ.
snce for the bslsr CO OF the Season"
Under date Of August 9th, q leading
Liverpool gra oifculsr states that
Grading 10 still very dull and depress.
Cd, owing to ihe near approach OF the
harvest and the ex rsordinary foe
weather here and on the Continent.
The crops are reported TO be doing
well. Prices on the country maxi "a
are lower. Business restricted ,millers
abs aiming from buying. Crgoes of
the coat are down Cd. At today's
market was fair s'teadance and the
buying WIS fair. Wheat was aulel
with limited sales at @ decline oil
ACID. Pour was unchanged; msls
was In fair dem nd at I'd over Tues.
days figures"
IMP hts.
Two Hundred aud tf'y rolls begging
100 pkgs b,c,n, 20 pigs boots aud
shoes, 200 bu cora, so SKIS cotton
seed, 90 nkss d'y goods, 43 pkgs eggs
s9i brls foir, 42S bales hay, IS pkgl
hsts, 81 hi cattle, 10 nd horses and
mules 200 pkg, ard, $1,000 feet lum
Der, 20 Pike iquors, 2 cars lime, l6C
brls meal, 1000 Du Gate, 80 brls onions,
co brls Potatoes, s cars pork eides, 2Ot
brls sugar, Az pks tobacco. 1900 bu
wheat.